We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Boot Barn Holdings (BOOT) to Post Q4 Earnings: What's in Store?
Read MoreHide Full Article
Boot Barn Holdings, Inc. (BOOT - Free Report) is poised to face a decline in its top-line performance as it prepares to unveil its fourth-quarter fiscal 2024 earnings results on May 14 after market close. The Zacks Consensus Estimate for its quarterly revenues is pegged at $383.7 million, which indicates a decline of 9.9% from the year-ago figure.
Moreover, analysts anticipate a downturn in earnings, with the current Zacks Consensus Estimate pegged at 89 cents per share. This projection signifies a substantial 41.8% decrease from the earnings reported in the corresponding period of the previous year. The consensus estimate has witnessed a downward revision of 3.3% over the past 30 days, which implies cautious sentiment among analysts regarding Boot Barn's financial performance.
Key Factors to Note
Boot Barn Holdings confronts significant challenges in revenue generation, driven by several key factors. The company faces soft same-store sales, e-commerce hurdles, regional variability and a tough operational landscape, all of which collectively dampen its revenue prospects.
Management's guidance for the quarter under review underscores these challenges, with an anticipated 6.3-9% decline in same-store sales, reflecting challenges in driving consumer spending within existing store locations. Additionally, the company forecasted a 5.5-8.5% decline in retail store same-store sales and a significant 13% drop in e-commerce same-store sales, signaling pressure on the online channel due to less marketing spend.
Additionally, the anticipated flat to down 100 basis points decline in exclusive brand penetration for the quarter highlights potential hurdles in sustaining growth momentum, particularly attributed to softness in the women’s business segment.
The aforementioned factors collectively contribute to the company's projection of a 9.3-11.7% decline in total sales for the quarter. Furthermore, management's guided range of 34.8-35.2% for the gross margin indicates a contraction from the 36.6% reported in the year-ago period. This pressure is attributed to an envisioned 310 basis points of deleverage in buying, occupancy and distribution center costs.
Despite these challenges, Boot Barn Holdings remains committed to enhancing customer engagement and brand loyalty through strategic initiatives such as expanding its store network, implementing customer segmentation strategies and leveraging innovative AI technologies.
Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise
Our proven model does not conclusively predict an earnings beat for Boot Barn Holdings this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.
Boot Barn Holdings has a Zacks Rank #3 but an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this season:
Abercrombie & Fitch (ANF - Free Report) currently has an Earnings ESP of +5.10% and carries a Zacks Rank #2. The Zacks Consensus Estimate for first-quarter fiscal 2024 earnings per share is pegged at $1.54, sharply up from 39 cents registered in the year-ago period. You can see the complete list of today’s Zacks #1 Rank stocks here.
Abercrombie & Fitch’s top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $940 million, which indicates an increase of 12.4% from the figure reported in the prior-year quarter. ANF has a trailing four-quarter earnings surprise of 715.6%, on average.
American Eagle Outfitters (AEO - Free Report) currently has an Earnings ESP of +11.11% and a Zacks Rank #2. The company is likely to register an increase in the bottom line when it reports first-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for quarterly earnings per share of 27 cents suggests an increase of 58.8% from the year-ago quarter.
American Eagle Outfitters’ top line is anticipated to rise year over year. The consensus mark for revenues is pegged at $1.15 billion, which implies an increase of 5.9% from the figure reported in the year-ago quarter. AEO has a trailing four-quarter earnings surprise of 22.7%, on average.
Ross Stores (ROST - Free Report) currently has an Earnings ESP of +3.24% and carries a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter fiscal 2024 earnings per share is pegged at $1.34, which suggests an increase of 22.9% year over year.
Ross Stores’ top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $4.82 billion, which implies a jump of 7.3% from the figure reported in the prior-year quarter. ROST has a trailing four-quarter earnings surprise of 9.1%, on average.
Image: Shutterstock
Boot Barn Holdings (BOOT) to Post Q4 Earnings: What's in Store?
Boot Barn Holdings, Inc. (BOOT - Free Report) is poised to face a decline in its top-line performance as it prepares to unveil its fourth-quarter fiscal 2024 earnings results on May 14 after market close. The Zacks Consensus Estimate for its quarterly revenues is pegged at $383.7 million, which indicates a decline of 9.9% from the year-ago figure.
Moreover, analysts anticipate a downturn in earnings, with the current Zacks Consensus Estimate pegged at 89 cents per share. This projection signifies a substantial 41.8% decrease from the earnings reported in the corresponding period of the previous year. The consensus estimate has witnessed a downward revision of 3.3% over the past 30 days, which implies cautious sentiment among analysts regarding Boot Barn's financial performance.
Key Factors to Note
Boot Barn Holdings confronts significant challenges in revenue generation, driven by several key factors. The company faces soft same-store sales, e-commerce hurdles, regional variability and a tough operational landscape, all of which collectively dampen its revenue prospects.
Management's guidance for the quarter under review underscores these challenges, with an anticipated 6.3-9% decline in same-store sales, reflecting challenges in driving consumer spending within existing store locations. Additionally, the company forecasted a 5.5-8.5% decline in retail store same-store sales and a significant 13% drop in e-commerce same-store sales, signaling pressure on the online channel due to less marketing spend.
Additionally, the anticipated flat to down 100 basis points decline in exclusive brand penetration for the quarter highlights potential hurdles in sustaining growth momentum, particularly attributed to softness in the women’s business segment.
The aforementioned factors collectively contribute to the company's projection of a 9.3-11.7% decline in total sales for the quarter. Furthermore, management's guided range of 34.8-35.2% for the gross margin indicates a contraction from the 36.6% reported in the year-ago period. This pressure is attributed to an envisioned 310 basis points of deleverage in buying, occupancy and distribution center costs.
Despite these challenges, Boot Barn Holdings remains committed to enhancing customer engagement and brand loyalty through strategic initiatives such as expanding its store network, implementing customer segmentation strategies and leveraging innovative AI technologies.
Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise
Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart | Boot Barn Holdings, Inc. Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Boot Barn Holdings this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.
Boot Barn Holdings has a Zacks Rank #3 but an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this season:
Abercrombie & Fitch (ANF - Free Report) currently has an Earnings ESP of +5.10% and carries a Zacks Rank #2. The Zacks Consensus Estimate for first-quarter fiscal 2024 earnings per share is pegged at $1.54, sharply up from 39 cents registered in the year-ago period. You can see the complete list of today’s Zacks #1 Rank stocks here.
Abercrombie & Fitch’s top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $940 million, which indicates an increase of 12.4% from the figure reported in the prior-year quarter. ANF has a trailing four-quarter earnings surprise of 715.6%, on average.
American Eagle Outfitters (AEO - Free Report) currently has an Earnings ESP of +11.11% and a Zacks Rank #2. The company is likely to register an increase in the bottom line when it reports first-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for quarterly earnings per share of 27 cents suggests an increase of 58.8% from the year-ago quarter.
American Eagle Outfitters’ top line is anticipated to rise year over year. The consensus mark for revenues is pegged at $1.15 billion, which implies an increase of 5.9% from the figure reported in the year-ago quarter. AEO has a trailing four-quarter earnings surprise of 22.7%, on average.
Ross Stores (ROST - Free Report) currently has an Earnings ESP of +3.24% and carries a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter fiscal 2024 earnings per share is pegged at $1.34, which suggests an increase of 22.9% year over year.
Ross Stores’ top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $4.82 billion, which implies a jump of 7.3% from the figure reported in the prior-year quarter. ROST has a trailing four-quarter earnings surprise of 9.1%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.